SJVN inks Long term agreement with Rajasthan government to supply 600MW solar power

The Power Usage Agreement is for 500 MW Solar Power from Bikaner Solar Power Project and the Power Purchase Agreement (PPA) is for 100 MW Solar Power from Rajasthan Solar Power Project, both for 25 years.

SJVN inks Long term agreement with Rajasthan government to supply 600MW solar power

New Delhi: SJVN Green Energy Limited (SGEL), a wholly owned subsidiary of SJVN, has signed a Long Term Power Usage Agreement (PUA) for 500 MW Solar Power and a Long Term Power Purchase Agreement (PPA) for 100 MW Solar Power, with Rajasthan Urja Vikas and IT Services Limited (RUVITL) in Jaipur.

Under the Agreement, SGEL would supply 500 MW of Power at a tariff of Rs. 2.57 per unit, from the 1,000 MW Bikaner Solar Power Project being developed by SGEL under Phase-II (Tranche-3) of the Central Public Sector Units Scheme.

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This project is the country’s largest single-location project which is being developed at village Banderwala, in Bikaner, Rajasthan. The project is being developed at Rs. 5,491 Crores and is expected to be commissioned by September 30, 2022.

Under the Power Purchase Agreement signed today, SGEL will supply 100 MW Solar Power at a tariff of Rs. 2.62 per unit, from the project bagged by SGEL through competitive bidding for which a Letter of Award was issued by RUVITL on October 6, 2023.

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The project is expected to generate 252 million units of energy in the first year and a cumulative energy of 5,866 million units over 25 years.

The project will be developed on 387.56 acres of land of Sambhar Salts Limited at Nawa, Rajasthan leased in favour of SGEL for 28 years. The project will be developed on Build, Own, and Operate (BOO) basis at a tentative cost of Rs. 550 Crores.

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